US giants Pimco, Vanguard invest in Turkey after its return to rate hikes 


Business & Finance

Reuters reported U.S. investment giants Pimco and Vanguard have bought local Turkish assets in recent months, betting that the country will maintain high interest rates after years of erratic policymaking under President Tayyip Erdogan.

Market Impact

Interviews with top money managers at the companies show that two of the world’s biggest investors, which together oversee nearly $10 trillion in assets, have grown constructive on Turkey since its newfound economic orthodoxy following Erdogan’s re-election in May.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Middle East

Countries: Turkey

Win Types: Impact (Long Term)

Story Types: Special Report / Insight

Media Types: Text

Customer Impact: Significant National Story

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